[106 Pages Report] Polyurethane PU
Films Market was valued at USD 413.4 million in 2017 and is projected to
reach USD 688.6 million by 2023, at a CAGR of 8.9% during the forecast period. The base year
considered for the study on the PU films market is 2017 and the forecast period
considered is between 2018 and 2023.
Key Target Audience:
- Manufacturers of PU films
- Traders, distributors, and suppliers of PU films
- Automotive OEMs
- Government & regional agencies and research organizations
- Investment research firms
The key companies have adopted various inorganic and organic
growth strategies, such as new product launches, acquisitions, and expansions,
to strengthen their foothold in the PU films market. Covestro (Germany), SWM
International (US), 3M (US), Avery Dennison (US), and DingZing Advanced
Materials (Taiwan) are some of the leading players operating in the PU films
market.
Expansions was the key growth strategy adopted by the leading
players between 2015 and 2018 to enhance their business prospects, increase their
global reach, and widen their distribution network. Covestro adopted the
strategy of expansion to increase its revenue and enhance its profit margins.
At the beginning of 2018, the company planned to expand its films production
capacity at four locations, namely, Thailand, the US, China, and Germany. This
expansion is intended to meet the growing demand for films in these markets.
The company is planning to invest more than USD 116 million at these locations.
Covestro holds the top position in the PU films business across the globe with
19.0% market share. Initially, the company was into manufacturing of PU resins,
and, by forward integration, it started manufacturing PU films. This allowed
the company to maintain its profit margin and compete with the local low-cost
PU film manufacturers.
SWM International (US) is one of the leading PU film
manufacturers that operate globally. It is ranked second in the PU films
market. In 2015, the company acquired Argotec LLC (US), a leading producer of
PU films for surface protection, medical, and glass lamination applications.
This acquisition facilitated the company’s entry into the PU films market.
Every year the company generates revenue of USD 110 million from its PU films
business. This acquisition helped the company gain a leading position in the PU
films market.
3M (US), Avery Dennison (US), and DingZing Advanced Materials
(Taiwan) are other leading manufacturers of PU films.
Drivers & Opportunities in global industry:
- Growing Demand for Passenger Vehicles and Luxury Cars
- Growing Awareness Regarding Health and Hygiene
- Growing End-Use Industries in Developing Regions
- Growing Number of Windmill Power Plants, Globally
Speak to Our Analyst and gain crucial industry insights that
will help your business grow.
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Mr. Shelly Singh
MarketsandMarketsâ„¢ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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